Follow Us on Google News Kolkata, July 29 (IANS) West Bengal ranks among the most backward states, both in terms of the number of new companies registered and total foreign direct investment (FDI) attracted over the past few years, according to statistics compiled by two key Union Ministries. According to statistics compiled by the Union … Read more
Follow Us on Google News New Delhi, July 28 (IANS) With the increase in foreign direct investment (FDI) limit from 74 per cent to 100 per cent for insurance companies, the government aims to unlock the full potential of the Indian insurance sector, which is projected to grow at 7.1 per cent annually over the … Read more
Follow Us on Google News New Delhi, July 25 (IANS) Led by Maharashtra, India has secured over $282 billion in FDI equity since 2019, while West Bengal trails at just $1.9 billion, according to the data, shared by Infoindata on its X social media handle on Friday. “Maharashtra leads with $88.7 billion, while West Bengal … Read more
Follow Us on Google News New Delhi, July 23 (IANS) The Enforcement Directorate (ED) on Wednesday said that it has filed a formal complaint against Myntra Designs Private Limited, its related companies, and their directors for alleged violations under the Foreign Exchange Management Act (FEMA), 1999. The action was taken by the Bengaluru Zonal Office … Read more
Follow Us on Google News New Delhi, June 19 (IANS) India moved up among top global destinations for foreign direct investment (FDI) in 2024, remaining the dominant recipient in South Asia and accounting for the vast majority of FDI inflows, a United Nations Conference on Trade and Development (UNCTAD) report said on Thursday. Despite a … Read more
Follow Us on Google News New Delhi, June 17 (IANS) Prime Minister Narendra Modi’s outreach to the Indian diaspora to invest in their ancestral country has been bearing fruit with more FDI coming into India. In a significant development signalling renewed Indian-African business ties, Shrai Madhvani, promoter of the globally diversified Madhvani Group, has announced … Read more
Follow Us on Google News New Delhi, June 8 (IANS) Maharashtra and Karnataka emerged as the top destinations for foreign direct investment (FDI) in India during the financial year 2024–25, jointly accounting for 51 per cent of the total inflows, according to the latest data released by the Department for Promotion of Industry and Internal … Read more
Follow Us on Google News New Delhi, June 6 (IANS) Commerce and Industry Minister Piyush Goyal has said that India’s FDI inflows now originate from 112 countries, compared to 89 in 2013–14, underscoring the country’s rising global appeal. Addressing an investor roundtable at Vanijya Bhawan in the national Capital, the minister said India’s FDI success … Read more
Follow Us on Google News New Delhi, June 5 (IANS) India attracted over $500 billion in FDI equity inflows between 2014 and 2024 which is more than double the $208 billion received in the preceding decade, according to Sanjay Nayar, President of leading industry chamber Assocham. Notably, $300 billion of this came between 2019 and … Read more
